The Student Revolving Loan Fund was established under the Student Revolving Loan Fund Act, 1976-20. It replaced the Higher Education Loan Fund, which was then administered by the Tertiary Section of the Ministry of Education, Youth Affairs and Culture.
The purpose of the SRLF is to provide loans to eligible Barbadians to assist in financing areas of study including various academic, technical and vocational studies.
The project was financed jointly by the Inter-American Development Bank and the Government of Barbados. In recent years, the SRLF has been financed by receipts from borrowers.
The categories for financing Local, Regional and International & Online studies are as follows: